> Ahmad is a buyer for Al-Maktabeh a publishing company.His job is to purchase supplies and services for the printingof technical manuals. His brother sets up a printingcompany, and Ahmad hires him to print most of thesemanuals for Al-Maktabeh. However, rather than actuallyprinting the manuals, his brother hires another printer to dothe work, then sells the printed manuals to Al-Maktabeh ata 50% markup. As a result, his prices are much higher thanthe other printers who serve Al-Maktabeh.What time of scheme is this explain your answer?

Given: Ahmad is hiring his brother to print most of the manuals and the brother is just getting it…

Answered: manuals. His brother sets up a d Ahmad…

Business

Accounting

manuals. His brother sets up a d Ahmad hires him to print m Al-Maktabeh. However, rathe manuals, his brother hires ano

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.

Question

> Ahmad is a buyer for Al-Maktabeh a publishing company.
His job is to purchase supplies and services for the printing
of technical manuals. His brother sets up a printing
company, and Ahmad hires him to print most of these
manuals for Al-Maktabeh. However, rather than actually
printing the manuals, his brother hires another printer to do
the work, then sells the printed manuals to Al-Maktabeh at
a 50% markup. As a result, his prices are much higher than
the other printers who serve Al-Maktabeh.
What time of scheme is this explain your answer?

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